Month: May 2018
Some people think that being an entrepreneur means being a loner. It means working in your office by yourself, in front of a computer and never interacting with anyone else. Here’s the reality, though. If you do that, you will probably not get very far.
The entrepreneurs who go the furthest are those who don’t try to do it alone. They surround themselves with fellow entrepreneurs and exchange help and advice.
DON’T TRY TO DO IT ALONE
If you seek out people’s help, you will not only get where you want to go in your business much faster, but you will also feel more motivated and energetic. Maybe you come from a non-entrepreneurial background, and you’re the only one in your circle of family and friends who does what you do or even understands it. Even when they see you driving a nicer car, they still don’t understand what you’re doing.
That’s why it’s important to get yourself involved with masterminds and coaching programs so that you can mix with like-minded people and not feel you’re the only one.
TO GET HELP, YOU HAVE TO ASK FOR IT
When Steve Jobs was 12, he called up Bill Hewlett after finding his number in the phone book. Bill Hewlett was happy to help out Steve Jobs and give him the spare parts he wanted. This relationship led to Bill giving Steve a job at Hewlett-Packard. Since then, Steve Jobs continued to ask people for help whenever he needed it. He found that everyone he asked was willing to help him. No one he asked was unwilling to help him.
Often, we worry that people don’t want to help us, but it’s almost never the case. What separates the people who do things from the people who dream about them is just asking. Most people never ask, but that’s what causes them to crash and burn. If you’re afraid of failing, you won’t get far.
You can access more beginner business strategies like this one, and learn how to model the “thinking patterns” of the world’s most successful business owners and entrepreneurs.
Always learn from other people, then turn them into your own knowledge, your own wealth, and your own freedom. To learn more http://www.marketerglobal.com/
All the best!
“Everything you want is on the other side of fear”–Jack Canfield. No matter how disheartening these figures are, they should not prevent you from reaching your business goals. If Mark Zuckerberg and Walt Disney let these statistics intimidate them, their lives would be very different, perhaps less favorable. Managing a business is no easy feat and the only way to overcome fear is to approach it head-on. Unless you find a way to fight your fear, you could miss opportunities and hold yourself back from reaching your true potential.
Here are seven of the most common fears that entrepreneurs face and how to break free from their paralyzing effect.
1. Fear of Being Judged
Did you know that Google was once an unprofitable company with no business model? For a while, it struggled to find a stable revenue source. It wasn’t until it decided to focus on selling search technologies and Adwords that it finally found its footing. Apple also had its share of failures. The company struggled to make profits to the point that they sold digicams, CD players, and TVs. Steve Jobs being fired made matters worse. It wasn’t until 1997 when Steve Jobs returned and made a bold change in the company that Apple was able to bounce back.
Sometimes you’re too consumed with being liked or fitting in that you become afraid to reinvent yourself. People have expectations of your brand, but if what you’re doing is not working, it may be time to make a change. It could be your saving grace. To fight off the fear of being judged or rejected, you have to accept that not everyone will like you. If you fail the first time, reboot. Apply a new strategy and re-engage.
2. Fear of Failure or Losing
The Global Entrepreneurship Monitor report reveals that fear of failure depends on where you are in the world. Around 61.2% of Europeans aged 18-35 think that having a business is a good career option. However, this is low when compared to its peers in Latin America (74.9%), North Africa and the Middle East (75.5%) and Sub-Saharan Africa (76.5%). Areas that are exposed to difficult conditions are more likely to think of failure as a normal phenomenon. As a result, people become less afraid of it, pushing them to innovate and take on risks.
The secret to successful innovations is accepting that loss is an integral part of business growth and development. Polaroid, Kodak, and Motorola are classic examples of big companies failing to keep up with the changing market. They failed to innovate and reinvent, and they are continuing to feel the effects of that. If you don’t want to experience the same fate, you have to accept that you won’t win every time. Think of what you will do if you fail so you can create a contingency plan that could help you recover quickly.
3. Fear of the First Step
“The journey of a thousand miles begins with one step.”–Lao Tzu . Procrastination is becoming one of the most expensive, invisible costs in businesses. A study of 10,000 US employees revealed that procrastination costs companies around $10,396 per employee, per year. Imagine the price you’re going to pay if this happens within your company.
Microsoft would not be the gargantuan tech company it is today if Bill Gates did not pitch his idea to IBM. Starbucks would not be one of the world’s largest coffee companies if Howard Schultz decided not to ask his employer to finance his idea. These success stories should be motivation to push you to take that first step towards a greater, more promising future. Just do it and do it now!
4. Fear of Letting Go
Some business owners want to have everything under control. They fear that if they delegate tasks, things will get chaotic. As a result, they micromanage and lose sight of core business goals because they’re focusing on the little things, like the money in the petty cash register or next week’s coffee supply.Business owners need project management tools to delegate tasks, monitor performance, quality, and work turnaround. Options include, Trello, Speedcamp, and Asana. They’re free and they let you focus on the things that matter like profitability, innovation, and customer relationships. Hire managers or consultants who have experience and an excellent track record so you can be confident that your company is in great hands.
5. Fear of Offending
If you want to succeed, you have to be audacious with your actions. Be honest and upfront about potential issues. Consider what happened to Nokia: For fear of being offensive to senior management, many employees did not communicate their concerns about the problematic operating system and style of phones, especially compared to the iPhone. The market did not respond well to their product. This move caused their market value to decline by about 90% in just six years. As a business owner, it is your responsibility to be direct, honest, and professional about potential issues.
6. Fear of Old Age
It’s never too late to do great things. Henry Ford and Sam Walton are just two entrepreneurs who were successful later in life. Ford was 45 when he made the revolutionary Model T car. Walton was 44 when he founded Walmart. It may sound cliché, but age is really just a number. Do not let it stop you from doing what you love and are passionate about. Your belief in yourself and your happiness are far more important than age. Get out there and start making things happen!
7. Fear of Success
In his article, “Those Wrecked by Success,” Sigmund Freud described the fear of success as a perceived need to fail. He said that this may be connected to the person’s experiences during childhood where parents thought that aiming too high would just result in disappointments and failures. As a result, they don’t push their children to dream big. Children then develop the fear of assertion. Some feel guilty over surpassing a mentor or a hero. Meanwhile, the Imposter Syndrome is when a person believes that success is a false reality. They fear that others might discover that they are not really good at anything and are just pretending to be successful.
The thought of bigger responsibilities, fame, & the threats associated with success can be overwhelming. To break free of this fear, do not let success get to your head. Think of it as an accomplishment that you can share with others. Be grounded and self-aware.
All the best!
When you look at successful entrepreneurs like Jeff Bezos and Bill Gates, it’s easy to assume that they were successful because they had natural talent or a high I.Q. Do you need to be born with entrepreneurial genius, or can anyone achieve great success?
A university professor decided to answer this question, and after much research, he found that entrepreneurial genius comprised 90% experience and just 10% success.
A LESSON FROM GENE LANDRUM
Gene Landrum was the founder of the Chuck E. Cheese restaurant chain before he became a professor at Hodges University in Florida. Since then, he’s written 13 books about entrepreneurs. He wrote a whole book about Michael Dell, the founder of the Dell computer company, and Jeff Bezos, the founder of Amazon.
He did years of research to prove the following point:
“Entrepreneurial genius is skewed towards behavior with as much as 90% of success is derived from experience and only 10% from I.Q. and talent.”
This brings good news and bad news. The good news is that your natural talent and intelligence means very little in determining your success as an entrepreneur. Never think that you can’t do great things because you’re not smart enough.
SUCCESS DOESN’T HAPPEN OVERNIGHT
The “bad” news is that while you don’t need I.Q., you do need a lot of experience. When he wrote his books about Michael Dell and Jeff Bezos, he remarked that both of these entrepreneurs took 10 years to learn their profession before they made significant money. Even a company as big and prominent as Amazon was losing money for many years. Over those years, Jeff Bezos had his work cut out for him to figure out how to become profitable.
You won’t hit it out of the park on your first try, or be an overnight success. With years of experience under your belt, you will be wiser and you will make better decisions. The only way to get that experience is to stop daydreaming and get to work.
You can access more beginner business strategies like this one, and learn how to model the “thinking patterns” of the world’s most successful business owners and entrepreneurs, more at http://www.marketerglobal.com/
All the best!
What it takes to anything you want? You have a goal and you know what you need to do to reach it. Yet you’re not reaching it. The most likely reason is that you’re doing the same things you’ve always done. Something has to change. Perhaps you are working in a job that will never provide the kind of lifestyle you desire. Maybe you’ve started a home-based business on the side and want to get it moving along. Maybe you feel stuck in some other way and don’t know how to get unstuck.
Good. Change begins with awareness that you’re not where you want to be.
Where the Rubber Meets the Road
Change … It looks great on paper. But for a lot of people, it’s not so easy in practice. There are three reasons for difficulty:
- The goal was not clearly defined. Don’t expect much action with a vague goal like “I want to make more money.” Be specific: How much money? By when? “I want to be making $100,000 a year in the next 12 months” is a much easier goal to work with.
- The steps to achieve the goal are not worked out. Look at the goal and break it down into do-able steps. Each step becomes a sub-goal to achieve on your way to to the overall goal.
- The steps are not implemented.
That last one is The Big One. Most people know what they want. Many work out the steps. Fewer actually implement those steps. No matter what you think the reason is, it comes down to this: The consequences of not making a change are in balance with the benefits of remaining the same.
It’s easy to grasp if you look at it in terms of losing weight. If you wanted to lose 20 pounds, you know you’ve got to start exercising, cut out junk food and eat more healthy foods. But instead, you continue to eat junk food and don’t exercise. If you look at the benefits and consequences as two sides of a scale, you would see that they are in perfect balance: the benefits are good and consequences are not so bad = balance.
Life can do things to make the consequences of outweigh the benefits. For instance, a health crisis, such as a heart attack from unhealthy eating habits, would cause you to suddenly realize that pie and ice cream and avoiding sweat don’t seem so important. The consequences of not changing (dying, having a shorter life) are much greater: When the consequences of not changing are out of balance with the benefits, a rational person takes steps to change. Similarly, in business, if you are endlessly procrastinating, not taking the steps you know you need to take to get started or to expand; life may impose consequences that force you to act.
For people who really want to get things done in life, waiting for natural consequences to kick in is not practical. You’ve got to set up a sort of external situation that exerts some pressure on you. The consequences have got to be sufficient enough to get you to act. Some of the consequences you can use to do this are:
- Loss of money
- Public humiliation
- Social pressure
Here’s an example that incorporates all three: Let’s say you want to lose 25 pounds. If you’re a girl, one way you might increase the consequences is to pay in advance for a room for you and a girlfriend at a fancy resort. Buy a new, slimmer bikini. Then declare to your friends on Facebook that you’re going to lose the weight, go on vacation, wear the bikini and make boys drool. Believe me, you will lose the weight. You will fit into that bikini. You will wear it proudly on the beach and post plenty of photos on Facebook, too. The consequences of not taking the actions you know you should are too great.
The Environmental Factor
Sometimes, to create action and change, increasing the consequences means changing your environment. We can sometimes become too comfortable in a less-than-ideal situation. The consequence of not acting to change it is not great compared to the range of possible benefits. So we remain in the environment.
By reviewing any stalled goal in terms of (1) how specifically you’ve stated it, (2) if you’ve properly broken it down into achievable sub-goals, and (3) whether or not you’ve actually implemented the steps, you can get it back on the rails and move closer to making any goal or dream a reality.
All the best!
The daily strife of waking up early, commuting to work, bearing office drama, and repeating it almost every day is the story of an employee’s life—while entrepreneurs are their own bosses.
However, we all have an opportunity at changing it, becoming a success, and working for ourselves. Becoming an entrepreneur can flip that draining lifestyle and even gain more of what you can when working a day job. Though being an employee gives you the security of steady income, it doesn’t give you that much growth if you’re looking to be wealthy some day and earn a million dollars a year.
Entrepreneurship, done the right way, can give you that. If you’re still unsure about becoming an entrepreneur, or if you have already embarked upon the entrepreneurial journey, here are a few reasons to remind you why the decision to run your own business was the right call:
1. Work for Yourself
Working 9-5 for a company in which you have little emotional investment can become quite a struggle. Sometimes it’s hard to find the motivation to go to work because you simply don’t care for it enough compared to the owner. Sure, you’re “making a living,” but are you really living your life?
Business has little room for sentimentalism. It’s about being pragmatic and decisive. However, in order to stay motivated and really reach those glorious, over-sized dreams, you need to have some emotional attachment. And that only truly comes from starting your own business. The days of working for a company and retiring on pension plan are archaic. Your income is too important to be left in the hands of others. Becoming an entrepreneur will give you that freedom to decide an income for yourself. And to increase it more and more, you’ll worker harder than you ever have before and that amounts to success—hard work truly pays dividends.
2. Earn as Much as You Work
Working hard is the only stepping stone to success. Once you work for yourself, your work ethic will change drastically as you’ll have no choice but to work in order to survive. This may sound daunting, but when you have your own business, it literally becomes your baby, and as a “parent,” you’ll sacrifice anything for your “child’s” achievement.
Once you understand this, your earning potential can be limitless. You’ll realize that the harder you work, the more you can grow and earn. If you were still at an office working for someone else, no matter how hard you worked, you are never going to receive the same amount of money as the CEO of that company. But now that you are the owner, you can set yourself any financial target you wish. Nothing is unattainable.
3. Freedom to Live
You could spend 40 hours a week slaving for a company that you do not care about and still just live paycheck to paycheck, or you could take your business to towering heights and earn enough money to enjoy a better life for yourself and your family. You can always make up for lost time or delegate when you’re the boss of a company, without the added pressure of being judged or scrutinized. You play by your own rules.
4. Work Anywhere
Ever tried carrying your office desk and told your boss, “I feel like working in the park today … ?” Perhaps it wouldn’t go down too well. But when you work for yourself, especially true for non-brick-and-mortar enterprises, you can work wherever you like. Take your laptop to the park, absorb some sunshine, and make big decisions. If you’re not an internet marketer or have an online business where you only need your laptop for most working days, then you can still decide where you want to launch your business. You can’t tell your current boss that you want him to buy an office near your house or by the banks of a Barbados beach.
5. Leave Your Legacy
You can’t leave your current manager’s wealth or company to your kids. It’s not yours, simple. But when you become an entrepreneur and launch your own business, you can pass this legacy on to your children, grandchildren, and so forth. A successful entrepreneur can have a big impact on society when it comes to charity and providing aid. The Bill and Melinda Gates foundation is a prime example and has become the largest private foundation in the world.
The truth is, the five points above are not only strong reasons to become an entrepreneur, they’re strong enough reasons to indicate a better way of life. That’s what entrepreneurialism can give you—a better life.
So go and live yours, why not give a try?
All the best!
Why Should You Spend 10 Hours a Week Thinking? – Think your way to success
“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” —Abraham Lincoln Most people see leadership as a sport where success is determined by hard work. Instead, I like to think of business as being more like surgery. Like Lincoln chopping down a tree, accomplishing this is about careful planning. The actual surgery—the physical work—is only a small part of the process.
How to Spend 10 Hours Thinking?
Step #1: Schedule the Whole Day in Your Calendar
Are other people constantly taking your time and dictating your priorities? If so, the first step to finding time to devote to thinking is to take control of your calendar. Let people know that you won’t respond to emails or phone calls on a particular day, unless there’s an emergency.
Step #2: Do Not Go to Your Office
My best ideas come when I’m not in the office, so I often spend the day wandering around Vancouver. I pick where to go based on the type of thinking that I need to do. On a given Monday, I might go through six coffee shops. I might walk in the forest, take a bike ride, hang out on the beach, sit on a park bench, or even have a glass of wine. Whenever I feel stuck, I move locations.
Step #3: Bring Your Journal
Writing is a powerful way to capture your ideas and get them into an organized, actionable form. The key is not to censor or judge yourself—just spill your thoughts onto paper without criticism or even evaluation. There are many ways to do this. I’m a very visual person, so my notebook is filled with pictures, arrows, and words. Find what works best for you.
Step #4: Reschedule or Shorten Meetings You Have Later in the Week
As I’m out of the office all Monday. My Tuesday, Wednesday, and Thursday are usually spent in back-to-back meetings. I set aside 15 minutes on Monday to review the meetings that are set up for the week and compare them to my priorities. If a meeting isn’t a high priority, I will ask my assistant to either reschedule it or shorten it.
Step #5: Prune Your To-Do List for the Week
Most of those meetings lead to action steps. Over the course of the week, tasks pile up and my to-do list can become so long that it’s unrealistic for me to complete all of it. Rather than blindly checking off items as they come up, I use my thinking day to review the list and evaluate which ones are truly a priority. I ask myself: ‘Should we really take action on this?’ Often, I find that what seemed important at first isn’t anymore.
Step #6: Identify Your Top Three Outcomes for the Day
Besides planning your upcoming week and reviewing your to-do list, set three goals for your “thinking day” and jot them down. This will ensure you get the maximum impact from those open hours.
Step #7: Use Powerful Questions to Encourage Deep Thinking
You will also want to devote some of your time to thinking deeply about your priorities and the direction of your business. I find prompts are helpful for this. Here are some of my favorites:
- Am I doing the right things with the right people?
- What’s most important? What am I good at?
- What am I bad at?
- How can I spend more time doing what I’m good at?
- How can I spend less time doing what I’m bad at?
Alternatively, I’ll write out a goal and think about how I can strategically move toward it.
Step #8: Set Aside Time to Solve Your Biggest Problems
As important as big-picture thinking is, every business will need to solve shorter-term problems. A portion of your day can also be spent investigating challenging issues and brainstorming ways to push through them.
Step #9: Set Aside Time to Think of New Ideas
Reacting to problems is essential, but so is proactively coming up with new ideas to better your business. Set aside some time to brainstorm new ways of doing things, or new opportunities to explore. The results will shock you.
Often what separates “normal people” from millionaires is not luck or necessarily talent, but the way we think. What enables one person to build wealth and limits another person to a middle class lifestyle often boils down to worldview, perceptions, and the way we order things in our mind.
To illustrate, think about this question: What kind of people should budget their money?
- The poor
- The rich
Chances are you guessed number 1—that the poor are in more need of a budget than the rich. Now, answer this question:
What kinds of people are more likely to budget their money?
- The poor
- The rich
If you guessed number 2, you would be correct. The rich are far more likely to keep a budget. Often times they track their income and expenses down to the penny. Why is that? Why would millionaires find it more important to budget than the poor?
Here are some of the mindsets that set millionaires apart from the rest of us:
Time Does Not Equal Money
Most people trade their time for money. Millionaires realize that building assets that work for them is the best way to make money. Often, millionaires own more than one business. They almost build them as a hobby.
Opportunity Is Everywhere
Millionaires see opportunity everywhere. Every pain and problem is an opportunity to build a product or a service. When someone complains, it’s a potential money maker.
Action Is the Best Teacher
Many get stuck in “student mode.” They read books, articles, and pay for online courses, but they never actually do anything. Millionaires are the opposite. They’ll learn the basics and then dive in. Most of their lessons are learned through experience.
Mentors Are a Life Hack
Speaking of learning, millionaires often find mentors. They see the value in learning from others that have experience. This is a different quality of teaching than what is provided through a book or a webinar. This kind of learning is personalized and tailored specifically to them by an industry expert.
Profit > Revenue
Millionaires couldn’t often care less about revenue. They care far more about profit. Think about it: 10% profit on $100,000 is only $10,000. 50% profit on $20,000 is also $10,000. Which business would you rather own? (Yes, revenue does matter. A business with a 50% profit margin that only makes $10,000 a month is not a money maker.)
Money Is a Tool, Not a Goal
Millionaires do not daydream about diving into a pool of money. It can buy fancy airplanes and cars, but for the most part, it is a tool. It is a tool to build things, repair things, and get things done.
Learn more? at http://www.marketerglobal.com
All the best!
If you’re like most people, then after you finish school, it’s time to go and find a job. You work hard, get a raise, spend more, and then work even harder for the next raise. And most people just don’t realize they are giving away their most valuable asset — their time.
But wealthy people DO NOT trade their time for money. They create or leverage systems that bring them in money.
At http://www.marketerglobal.com , you will learn about wealth creation and wealth preservation practices.
Hope you monetize your time!
There are two paths to creating wealth: buying assets and creating assets. An example of buying assets would be investing in the stock market. However, to become rich from the stock market either requires a lot of starting capital or many decades of patience. But there’s a faster way: creating assets.
CREATING MONEY OUT OF THIN AIR
You may have heard about the classic book, Think and Grow Rich, by Napoleon Hill. The book’s premise is that you can create riches out of your thoughts. Is it just a fairy tale?
Most of the richest people in the world did not inherit their wealth or even have much starting capital. They simply started with an idea and turned it into a thriving business. Mark Zuckerburg created Facebook out of an idea. Jeff Bezos created Amazon out of an idea. Jessica Alba raised $70 million in funding to get a $1 billion valuation of her company, The Honest Co. Sara Blakely started her company Spanx with only $5,000. The company reached a valuation of $1 billion.
You can do the same. You can create money out of thin air. Come up with an idea for a business you’re going to start, and with some focused action and patience, it can make you rich. With this method, unlike buying existing assets, you don’t need much starting capital. If you do it right, you can create wealth much faster, too.
You can access more beginner business strategies like this one, and learn how to model the “thinking patterns” of the world’s most successful business owners and entrepreneurs, in the MarketerGlobal http://www.marketerglobal.com/
All the best!
When you look at all successful billionaires, you’ll notice that they all share a common mentality. They are relentless in the pursuit of their goals, they are always after more and bigger results and they are healthily paranoid about the possibility that everything might be taken away from them. It’s this mentality that brings them great results in business and life.
THEY ARE RELENTLESS
When you put a challenge in front of an entrepreneur, they’ll not be overwhelmed and paralyzed by it. They’ll simply find a way around it. J. K. Rowling is worth over a billion dollars. When she first tried to publish Harry Potter, she got turned down to 12 different publishers. Even the one that accepted it only did so because his daughter liked it, but he doubted it would sell well.
What if she had given up after her 11th try, thinking “no one will ever buy this and I should just stop embarrassing myself?” A true entrepreneur never thinks like this.
THEY NEED “MORE”
Rich people have a mentality of “more,” and it’s a mentality that most people don’t understand. The average person might ask an entrepreneur what their end goal is. 100 million? A billion? What amount will finally make them happy?When they realize that no amount will satisfy the entrepreneur and they are always after more, they interpret it as greed. They wonder, “don’t you have enough?”
THEY ARE HEALTHILY PARANOID
The rich are always asking “what’s next?” When they have a successful launch, they won’t rest on their laurels. They’ll start planning the next launch. Every day, I spend an hour thinking about the future. I’ll write down ideas for future products, offers and strategies.
Wealthy people have a healthy degree of paranoia about their money. This is important, because someone out there is always working hard to take away what they’ve got. Competitors are always starting their own companies and wanting to take away their market share. Governments are always at the behest of lazy people who feel entitled to their money.
It’s not greed, but a knowledge that if they don’t protect their money, someone will take it away.
Wish you all on the journey to Billionaire!
Today’s the youngest you’ll ever be. Once today is over, you’ll never get another chance to live it out. That’s why, at the end of every day, you should ask yourself 3 questions and reflect on whether you made the day the best possible day it could be. That’s the good habit that most of wealthy people will do, what about you? Adopt this habit and you’ll steadily become a wealthier and happier person.
1. WHAT DID I LEARN TODAY?
The first question to ask yourself at the end of every day is, “what did I learn today?” If you can’t immediately think of anything, open the dictionary and learn one new word. Don’t ever let yourself go to bed at the end of the day having not learned one new thing. If you do this, you’ll never again wake up as ignorant as you were the day before. If you have children, ask them what they learned today. Even when it’s not a school day. Don’t let your schooling interfere with your education. Education is a lifelong process.
2. IN WHAT WAY WAS I A GIVER TODAY?
Secondly, ask yourself, “in what way was I a giver today?” Strive to do something every day that makes someone else’s life better. Engage in simple acts of kindness. Roger Salam likes to pay for the motorist behind him when he’s at the toll booth. They’ll never get to thank him for it, but it makes him happy to know he’s made a kind gesture. Do good things for others and good things will come to you.
3. WHO CAN I THANK TODAY?
Finally, ask yourself who you can thank today. Every day, write a hand-written thank you note to someone who helped you. You can safely assume they won’t have received one from anyone else, in an age when you can send emails from your watch. Your hand-written thank you note will stand out to your recipient, they’ll appreciate you, they’ll remember you and it will be the basis of a quality relationship.
MarketerGlobal is where the most experienced mentors share their wealth mindset and investing strategies with fellow members. To learn more click HERE.
Wish everybody are on the journey to wealth!
Maybe you don’t know, all wealthy people have mentors. If you don’t have a mentor, find one.
Remember that your present self is the result of every thought you’ve thought and every decision you’ve made throughout your life so far. Your best thinking has got you to where you are now. If you’re not totally happy with where you are now, it means that your own thinking has failed you to some extent. By finding a mentor and picking their brain, you can access the strategies that will take you to where you want to be.
WHAT TO ASK YOUR MENTORS
Don’t ask your mentor, “How did you make your money?” That’s what everyone wants to ask, but it’s not going to help you as much as you might think. It rarely means you can simply replicate the same actions and get the same results as them. Instead, ask them these two questions:
1. What were your failures?
2. What would you do differently?
These questions will uncover the opportunities that you can capitalize on. If you wanted to, you could even interview a collection of different mentors, ask them these questions and sell it as an information product.
BOB PROCTOR ON MENTORS
You will be hard-pressed to find any wealthy person who does not credit their success to having good mentors. Bob Proctor believes the course of his whole life changed dramatically because he had the right mentors. He describes mentorship as a “direct pipeline from their mind to yours,” and a way to access all of their wisdom, experience and studying in a short period of time. Why reinvent the wheel and learn those lessons through making your own mistakes, when you can learn from someone else’s mistakes a lot faster?
WARREN BUFFETT ON MENTORS
Warren Buffett, one of the richest people on the planet, believes he is fortunate to have had some great mentors in life. He names his early mentor Ben Graham, his business partner Charlie Munger and even his board of directors as some of his most valuable business and investing influences. Select people who have the qualities you admire. Study them and speak with them, and have the belief that you can develop the same qualities for yourself.
MarketerGlobal is where the most experienced mentors share their wealth mindset and investing strategies with fellow members. To learn more click http://www.marketerglobal.com/
Success is not coming from the sky. It’s all about Action, Action, and Action!
All the best!
The definition of financial freedom is simple: “Residual income exceeding expenses.” If your residual income exceeds your expenses, you’ll be financially free and you’ll never have to work again. You’ll be able to wake up each day, all your bills are covered and you can spend the day however you like.
COMMIT TO RESIDUAL INCOME
Residual income has nothing to do with the size of your income. It’s income that continues to be generated after the initial investment of time, money and capital. Linear income or earned income is the opposite of residual income. It’s income that’s paid one time for the work performed. Even the 6 figure incomes of attorneys and doctors are still linear, not residual. They may get paid a lot, but they are still exchanging their time for money. If they stop working, they stop getting paid. Simply having a high income will not get you financially free. What’s more important is that your income is residual.
FIND A VEHICLE OF RESIDUAL INCOME
There are not nearly as many ways to create residual income as there are ways to create linear income. Roger Salam’s vehicle of choice to create residual income is real estate. It’s one of the most proven vehicles of residual income. Nearly every wealthy person has a real estate portfolio, whether they built their wealth through real estate or bought real estate after they built their wealth. Real estate produces residual income in two ways: capital gains and rental income. It’s residual because it continues flowing to you for years after you’ve invested in the asset. Whether it’s real estate or something else, find a vehicle that produces income for you in this way.
LESSEN YOUR EXPENSES
There are two ways to become financially free: to increase your residual income to exceed your expenses, or to decrease your expenses to be covered by your residual income. Someone who lives life comfortably with an income of $10,000 a month is freer than someone who makes $100,000 a month but spends $101,000 a month. No matter how high your income is, if your expenses exceed it, you will have to keep working. If you can lower your needs, you will become financially free sooner. This doesn’t mean giving up the things you like, but as you become more mature, you will realize what things are more important to you and what doesn’t matter as much as you thought it did.
Here’s a question to ponder. If you stopped working today, how long would you last before you have to go back to work? The longer it is, the closer you are to being financially free.
MarketerGlobal is where the most experienced mentors share their wealth mindset and investing strategies with fellow members. To learn more click http://www.marketerglobal.com/
All the best!
Raising your credit limit can take weeks, if you don’t know the right way to do it. But if you have the right script to use with the phone rep from your bank, you can raise your credit limit in minutes. Plus, no hard credit checks are required. If you pay your bills on time, the rep will already know you’re a good customer and they are likely to instantly raise your limit.
AVOID THE HARD CREDIT CHECK
When the rep answers, explain that you’re calling because you’re considering using your credit card more often. When you ask if they can raise your credit limit, it’s very important to not instantly ask for a number, because that will be a red flag to them. It’s also very important to use the words, “on this call.” If you don’t make it clear that you’re looking to raise your limit “on this call,” they may try to do a hard credit check. This impacts your credit score and it also takes much longer for your credit limit to be raised. A soft credit check, on the other hand, will not hurt your score. They can do a soft credit check during the call and raise your limit within minutes.
WHAT NUMBER SHOULD YOU ASK FOR?
After you’ve asked to raise your limit, and without specifying a number, shut up. If you overtalk and say things like, “If you don’t want to give me anything, it’s OK,” the rep may get suspicious. Just stop talking and let them respond. They will ask, “How much do you want?”
In most cases, if you ask for a number above $45,000, they are likely to require a hard credit check. This doesn’t mean they’ll turn you down, it just means that you’ll have to wait a while for the verdict. It’s a good idea to ask, “How much are you authorized to give me?” At this point, they will either give you a number, or they will tell you they’re not authorized to give you anything until you give a number. In that case, be bold and ask for $50,000, because it’s a sign that they require a hard credit check in any case.
On the other hand, if they are authorized to raise your limit with just a soft credit check, accept the number they offer you. Within minutes, your limit can be raised.
MarketerGlobal is where the most experienced mentors in investing and asset protection share their investment methods with fellow members. To learn more click http://www.marketerglobal.com/
All the best!
Want to be number 1?
Whether you want to be the market leader in your industry, or the top earner in your sales organization, we all dream of being number 1. And, if you know the formula, it’s very possible. Tom Beal has been the number 1 earner in several different sales organizations.
Step 1 is vision. Remember that success is the progressive realization of a worthy goal or ideal. If you can’t visualize what success looks like, it will be difficult to realize it.
To reach number 1, Tom Beal looked at those who had come before him and been number 1. He looked at what activities they did, what lifestyles they lived and how they acted and spoke. Look at the people or companies who are already number 1. Then, you’ll have a vision to work towards.
Next, you have to believe that the existing number 1 is not Superman or Superwoman. You have to believe that they’re a normal person just like you. If they can do it, you can do it. You have to believe that there are certain skills and qualities that these people possess in order to claim the title of number 1. You have to believe that you too can acquire those skills and qualities.
Finally, you have to believe in the law of sowing and reaping. If you put in the work, you will be able to reap the benefit of being number 1.
3. IDENTIFY AND ALIGN
Step 3 is to identify what the existing number 1 is doing to get their extraordinary results, and how they are doing it. Then, you must align your own actions and habits with theirs.
4. COMMIT TO ACTION
If, in step 3, you’re studying a number of different market leaders or top earners, you will end up with a whole bunch of different possible actions. You can’t possibly do them all, and if you tried to, you would not be number 1. Instead, you must discern which things to put to action and which to discard. Pick the methods that resonate with you, because you only need to pick one or two and commit to mastering them.
5. HAVE FUN
Finally, have fun in your quest to reach number 1. If it’s full of worry and stress, is it really worth it?
Make it an adventure and an opportunity to provide value to those you help along the way.
You can access more beginner business strategies like this one, and learn how to model the “thinking patterns” of the world’s most successful business owners and entrepreneurs, learn more? http://www.marketerglobal.com/
All the best!
You may not believe in “the stars aligning,” but it’s fully true that success happens when certain things are in alignment.
These things include your short-term actions, your long term goals, the systems you make use of, and your personal gifts and talents.
If all of the above are in alignment, you will shoot your way to success very fast. If not, you’ll just go around in circles.
In this video, filmed at a Bonus day during the Titanium Mastermind in the Bahamas, Drew Innes talks about the importance of aligning yourself for success.
1. YOUR HIGHER GOALS
Before anything else, get clear about your higher goals.
Is it to spend more time with your family? Is it to fund your children’s education, or your own retirement? Is it to maintain your good health?
Once you know what that goal is, you can start thinking about what you are prepared to do to get out of your comfort zone and achieve that goal.
2. YOUR IMMEDIATE OBJECTIVES
Next, you must get clear about your immediate objectives.
They have got to be in alignment with your higher goals. If your short-term actions are not in alignment with your higher goals, you will only waste a lot of time and get no nearer to achieving them.
Acknowledge in advance that there will be problems. If you make the pre-commitment that you won’t give up, the roadblocks you’ll face will not be as challenging, because you’ve already made the decision that they won’t stop you.
3. YOUR STRENGTHS
Everyone has natural gifts and talents, but most people let fear and doubt get in the way of using them.
Recognize your strengths and play to them. Drew Innes is not a natural marketer but he does love speaking and getting on the phone with people. That’s why he’s designed his lifestyle and business so that his natural talent and strength of speaking aligns with his financial goals.
If your goals and objectives don’t align with your natural talents, you are making things harder than they need to be. Re-align your goals and objectives with your strengths and success will happen much faster.
You can access more beginner business strategies like this one, and learn how to model the “thinking patterns” of the world’s most successful business owners and entrepreneurs, Learn more at http://www.marketerglobal.com/
All the best!
When starting a business, most people want to learn the mechanics: how to build websites, how to write copy, how to source products and so forth. Those skills are important, but they are only 20% of building wealth. The remaining 80% lies in having the right psychology and the right mindset.
Until you have the psychology, you are not even ready for the mechanics. Don’t believe this? Watch this video, filmed at the Super Charge Summit in London, in which Carolina Milan proves that it’s true.
ARE YOU APPROACHING WITH PREJUDICE?
The right psychology encompasses several aspects. It’s about knowing what you want, it’s about having a positive attitude and it’s about being able to face failure as a temporary setback rather than something that makes you want to quit. This is really the difference between two people who follow the same mechanics and get different results.
Carolina Milan had had bad experiences with solo ads in the past. Then, she learned that one of her students had gotten an excellent result with a solo ad with a particular publisher. She decided to place an ad with the same publisher, yet she got no sales at all. Her student had gotten 4 sales. She realized that she’d approached the media buy with prejudice. Because of her bad experience in the past, she subconsciously expected it would not work, and sabotaged her own success.
Especially in your marketing, when your attitude and demeanor influences your customers’ decisions to buy, you can’t approach with a negatively prejudiced mindset. If you do, your results will be equally negative.
HOW TO GET YOURSELF OUT OF A NEGATIVE MINDSET
When you do find yourself in a negative mindset, you need to get yourself out of it fast. Otherwise, it will influence what you do. Remember that “what you think about, you bring about.” Identify any limiting beliefs and replace them with empowering ones. Instead of telling yourself, “My business is failing,” tell yourself, “I’m trying everything I can to turn my misfortune around, and I’m not giving up until I find something that works.” Don’t paralyze yourself at the starting line. Always identify what’s the limiting step, and what’s the one action you must take to get things moving again.
Then, set realistic goals. Big, enormous ones will most likely overwhelm you, and only reinforce the belief that you can’t do it. Set goals you know you can achieve, and let your results change your beliefs for the better.
All the things you do in your life that don’t bring in cash should be outsourced. This includes putting gas in your car, buying food, doing cleaning, doing gardening and so on. If you don’t enjoy doing it, you shouldn’t do it at all. Pay someone else to do it. Both you and they will be happier as a result. In this video, I talk about outsourcing your life.
DOES THIS SOUND WRONG?
To some of the people reading this, the idea of outsourcing personal chores may sound wrong. It may appear to be a form of laziness or an avoidance of responsibility. However, this is just because it’s unfamiliar, and you’ve never imagined a life of not doing these things. Even after my business had crossed 7 figures in 2012, I was still doing most of these tasks myself. I didn’t feel ready to give them up, but I couldn’t deny that holding on to them held back the growth of my business.
Doing your chores yourself instead of paying someone else to do them is not saving you money. You are losing your money, because you could have spent that time growing your business instead. This isn’t to say that you should spend your entire day as a slave to your business. It’s really about choosing what tasks you want to do. Do the tasks that you enjoy, and outsource the ones you don’t.
Key words to think about: Deal, deal list, coupon, coupon list, Coupons, Discount, Coupon Codes, Offers, Promo, promo Code, promo code Club, Fresh Coupons, Promo codes, Cash back, cashback, on sale, personalized jewelry, name necklace, gift ideas, personalized gifts, best price, brands, cheap, compare prices, for less, for sale, for sale online, free trial, lowest price, on amazon, on line, online, retail, review, reviews, sale, sales, store, stores, store + location, under $50, wholesale, for cheap, in stock, on sale, overstock, best online, best site, best website, best offer, best deal, best deals, special, achieve, affordable, alleviate, auction, avoid, bargain, pre-owned, benefit, best price, best savings, best selling, big discount, big promotion, biggest, bonus, buy with credit card, buy with paypal, buy one get one for 1 cent, buy one get one free, buy one get one half-off, buy online, buying, cash back, cheap, cheap online, cheapest, cheapest online, cheapest, cheapest price, clearance, closeout, code with, compare, compare prices for, comparison, computer tutorial, coupon, coupon code, coupon codes, coupons, cure, deal, deal with, dealer, dealers, dealership, dealerships, deals for, dependable, direct, directions, discontinued, discount, discount code, discounted, discounts, distributor, distributors, easily, easy, economical, eliminate, end, expensive, explain, explaining, fast, faster, find a, fix, for boyfriend, for boys, for children, for couples, for dad, for father, for girlfriend, for girls, for guys, for kids, for men, for mom, for mother, for newbies, for parents, for sale, for seniors, for students, for women, for disability, for disabilities, free, free shipping, free tutorial, free tutorials, free exchange, free return, frugal, gain, get, get cheap, get more, get rid of, get the best price for, getting, gift, gifts, good price for, great buy, guide, guides, guide to, half price, half priced, heal, healthy, beauty, high price, high priced, how, how can, how do, how do I, how do I get, how do you, how to, how to build, how to buy, how to get, how to get rid of, how to make, how to pay for, how to purchase, immediate, immediately, improve, improving, increase, inexpensive, install, installation, instant, instruction, instructions, internet tutorial, learn, learning, lease, low cost, low price, low priced, lowest, lowest price for, luxury, luxury goods, method, methods, model numbers, need, needs, new, now, offer, on sale, online, online coupon, online promo, online tutorial, order, overcome, password, pay, pay now, personalized, plan, plans, premium, prevent, price, price compare, price comparisons, price comparisons for, price comparisons of, program, programs, promo, promo codes, promotional code, promotional codes, protect, purchase, purchasing, quick, quicker, quickie, quickly, rebuild, recover, reduce, reduced, refurbished, re-manufacture, re-manufactured, relieve, remedy, rent, repair, reasonable price, reasonable priced, restore, review, reviews, sale, sales, sales-priced, sales-price, save, savings, scam, second hand, secret, secret code, secret codes, secrets, shipping, simple, software, solution, solve, step by step, study, subscribe to, technique, that works, the cheapest online, tips, top, top 10 + product type + in year, top of the line, top 3, top 5, top 10, top 15, top 20, top selling, training, treat, tutorial, tutorials, unique, unlock, used, value, versus, video, videos, vs, what is the best price for, where can, where can I, where can I buy, where can I buy beauty, where can you buy, where to buy, where to buy, where to buy online, where to find, where to find online, where to shop for, where to shop online, who sells, who sells cheap, who sells the cheapest, who sells the cheapest on line, wholesale, wholesaler.
YOU’RE CREATING A JOB
If you still feel guilty about outsourcing your personal tasks, remember that you’re helping someone by providing them with a job. Most of the time, I don’t order my own coffee. I ask my assistant to get it for me. How would you feel about doing that? Would you feel guilty about being lazy? There’s nothing to feel guilty about. I pay my assistant good money, more than what she would make at an average job. Plus, with the time I save, I put more focused work into my business.
When I used to work as a gardener, I was happy to get paid to work on rich people’s gardens, but I still couldn’t help but wonder why they were so lazy to not do it themselves. Now I know why.
Talk to you soon,
If you’re like a lot of people who read this newsletter, then you’re working a job while you’re still getting your business up and running. Normally aspiring entrepreneurs talk about their job as if they are the worst thing in the world – a complete inconvenience where they get underpaid, overworked, their boss is greedy and taking home all the rewards. Rarely do you hear them be grateful for their jobs.
Having been on both sides… there’s a lot of good things you get with a job, which you won’t get with having your own business. For most people they ought to be thankful for their job, and thankful they don’t need to make a living by producing value in their own business (because they’d be eaten alive). I’ve watched many people over the years who’ve worked for me, secretly disparage their role and talk about how much their a job sucked. They’d complain they were not paid enough, made to work way too hard for too many hours, and talk about the day they were going to leave it all behind.
Finally they’d work up the courage to quit, show their resentment for the job in how they resigned (very short notice, with no thanks given), then proudly proclaim to everyone on Facebook that today was day they were free – today was the day they had ‘fired their boss’ and were going start a business make their millions. 6 months later, I’d get a private message on Skype from them with a much more sombre tone… asking, “hey Matt, I hope you’re well – was just checking in to see if you might have any part-time work available for me.”
So before you quit your job and tell your boss to go to hell, lets discuss a few things.
First, most people quit their day job because of the time excuse; they feel they don’t have enough time to work on their business.
I don’t really agree with this. There’s always time, and true resourceful entrepreneursalways find it.
We all have 24 hours in the day – whether you’re Warren Buffet or a homeless beggar. It’s about priorities. In order to start a business, you’ve got to move that business into one of your top three priority slots. The closer it is to THE most important thing in your life, the better you will usually do.
You should always be looking for opportunities during the day to accomplish useful work for your business.
For example; some people spend an hour commuting to work, then another hour getting home. There are two hours right there that you could use to accomplish something – like doing a sales call or making a video or audio clip for your website in your car. Or doing prospecting calls to get JV partners.
Or even hosting a webinar. Quick story; one of the highest paid (and chaotic) affiliate marketers I know landed in Sydney to speak at one of my events. His plane was late, so he had to start the webinar in the taxi from the airport using the drivers phone as a hotspot… and then when we gets to his hotel, he has a guest on the call give a testimonial while he checks in, then goes up to his room and finishes the webinar, selling a whole bunch of product.
The attitude you need to have is, “if I HAD to get this done given the time I currently have available, how would I do it?” If there’s no choice but to get it done, amazingly somehow you’ll always find the time.
You can’t use your job as the scapegoat excuse of “I don’t have the time” anymore. Find a way to get a few extra hours out of the day for revenue producing activity in your business.
Which brings me to my next point…
Get some sales coming in and replace part of your job income, before you go and hand in your resignation.
It’s plain stupid to go quit a job and start a business when you haven’t even demonstrated to yourself you can get even a few customers.
Prove the concept to yourself first, by seeing whether people will actually pay you money for your idea. Forget about the compliments people give you about your product idea, or their stated intentions towards buying it – all that matters is, has anyone actually handed you cash for it yet?
If not, you need to keep making adjustments.
It’s a good idea to wait till your business is almost matching the salary from your job, before you quit your job. Once you have a couple of good months where your business earned you at least 75 percent of what your regular job did, that’s a pretty good time to jump in with both feet.
And don’t quit your job because of one great customer. I have lots of great clients who are repeat buyers. You want the same thing, and you’ll get there. But don’t get overexcited after finding your first hyper-responsive client and give up your existing income, because if something happens to that one person then you’ll have a problem. Remember that one is the most dangerous number in business, whether it refers to leads, marketing channels, products or customers. Grow a more stable customer base before you get ahead of yourself.
The bottom line is this: I wouldn’t advise the average person to quit before making any sales. Prove to yourself that you can do it, then follow through once you have good results and put every ounce of effort into it that you can.
Despite all my advice to you though, I must admit I personally did not follow any of it.
In my case, I quit my jobs, I cut off my government student assistance payments I was getting as a student, and I also quit my university studies to focus full time on my new online business which has not yet paid me a single dime.
I wanted to have the maximum time I could to focus on placing ads, making phone calls, writing copy, etc – and I also felt the additional pressure would help me (I’m a notorious procrastinator – without a deadline and accountability I get nothing done!).
This method is a bad idea for a lot of people. Only attempt it if you can handle extreme pressure and if you are 100% FULLY committed to being in business for yourself, for the rest of your life.
1 year into doing this, I had some real regrets. The bottom was when I literally had $2 in my bank account, and to pay for a $4 coffee I had to ask the teller to charge $2 on my debit card and pay the rest in change. It was embarrassing and frustrating, but it sure motivated me to work harder and do whatever it took to get out of this situation I’d created for myself.
In the end, it all worked out for me.
My point is, doing it this way is not a good idea. You need to decide what is best for you, and your unique way of working.
We’re on the good start of 2018 and it’s time for you to experience some big financial changes! The kind of changes that you have always dreamed of and deserve.
It’s time for you to become a 7-figure online earner. Hundreds of people are already on the path and you can be too. Even though I’ve never met you, I have a VERY strong belief in you and your ability to succeed if you get your hands on the right system, and with proper coaching. I’ve seen people just like YOU do extraordinary things. This 7-Figure Freedom Formula may just be the answer you’ve been searching for: It’s been designed for people just like you, to make it much easier for you to get results so you can experience more freedom. Freedom is not a pipe dream reserved exclusively for the rich elite … but it also won’t come
by chance either; it takes a concerted effort. It’s a very real possibility, if you’re ready for it. But it requires action. Procrastination and fear will kill success. Imagine if you continue on the path you’ve been on for the last five years. Will you get the things you want and deserve in life? Probably not; you wouldn’t be here if you could. You owe it to yourself and your family to click the link and watch the short video before it’s removed: Watching this video could be a game-changer for you. Remember, real opportunities like this don’t come along often. Watch this video and avoid making the same mistakes you have made in the past. Your life matters, so does your family; and, today could be the day you make a decision that impacts your future forever.
Here’s the way I look at it …
You may only get one shot, so don’t miss your chance. Watch this video right now before it’s removed, and get ready for some big changes.
Jennifer MarketerGlobal Team